Haltain Developments Corp. cancelled the acquisition of Substantially all Assets of Alternative Energy Partners, Inc..
June 04, 2015 at 12:00 am EDT
Share
Haltain Developments Corp. entered into a Letter of Intent to acquire Substantially all Assets of Alternative Energy Partners, Inc. (OTCPK:AEGY) on June 4, 2014. As on September 11, 2014 Haltain Developments amended the Letter of Intent in which it agreed to acquire substantially all assets of Alternative Energy for exchange of common stock of Haltain Developments. In case of termination, the intial deposit made by the Alternative Energy will be refunded. A definitive agreement is expected to be executed by October 15, 2014. The deal is subject to approval of the Supreme Court of British Columbia, the British Columbia Registrar of Companies, due diligence investigation, approval of Board of Directors of Haltain and shareholder approval of both Haltain and Alternative Energy. The deal is expected to be completed by October 31, 2014.
Haltain Developments Corp. cancelled the acquisition of Substantially all Assets of Alternative Energy Partners, Inc. (OTCPK:AEGY) on June 4, 2015.
Alternative Energy Partners, Inc. (AEGY) is a development stage holding company. The Company operates with its subsidiary, Clarrix Energy, LLC, in the business of energy production and management. The Company is engaged in providing support services for medical marijuana. Ethanol was its initial intended product and it intends to establish other alternative energy products and service which includes solar-thermal energy production, energy management control. In May, 2012, the Company acquired Clarrix Energy. The Company acquired the PharmaJanes. The Company also acquired Simple Prepay merchant payment solution from iEquity Corp. The Simple Prepay system was developed to offer dispensaries, collectives, and delivery services for medical cannabis. Combined with the PharmaJanes on-line and smart phone ordering platform, medical marijuana patients will be able to order, process and pay for their authorized needs.
ALTERNATIVE ENERGY PARTNERS, INC. 
